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Question 14 (5 points) Solve the problem. Use the approximate APR formula to estimate the APR, and round rates to the nearest tenth of a
Question 14 (5 points) Solve the problem. Use the approximate APR formula to estimate the APR, and round rates to the nearest tenth of a percent. Eddie Hodges buys a complete stereo with CD for $980, paying it off at $47 98 per month for 2 years. What is the approximate APR of the loan? OA) 16.8% B) 15.3% C) 14% OD) 16.5%
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens . Randal J. Elder . Mark S. Beasley
15th Global Edition
0273790005, 978-0273790006
